Istar Inc. Buys 39,886 Shares of iStar Financial Inc. (STAR) Stock

iStar Financial Inc. (NYSE:STAR) major shareholder Istar Inc. purchased 39,886 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was bought at an average cost of $18.93 per share, with a total value of $755,041.98. Following the completion of the acquisition, the insider now directly owns 5,452,185 shares of the company’s stock, valued at approximately $103,209,862.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Istar Inc. also recently made the following trade(s):

  • On Friday, August 18th, Istar Inc. purchased 19,600 shares of iStar Financial stock. The stock was bought at an average cost of $19.68 per share, with a total value of $385,728.00.
  • On Thursday, August 17th, Istar Inc. bought 20,461 shares of iStar Financial stock. The shares were acquired at an average cost of $19.65 per share, with a total value of $402,058.65.
  • On Friday, August 11th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were acquired at an average cost of $19.01 per share, with a total value of $758,232.86.
  • On Thursday, August 10th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were acquired at an average cost of $18.98 per share, with a total value of $757,036.28.
  • On Tuesday, August 8th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were acquired at an average cost of $19.00 per share, with a total value of $757,834.00.
  • On Monday, August 7th, Istar Inc. bought 39,886 shares of iStar Financial stock. The shares were acquired at an average cost of $18.94 per share, with a total value of $755,440.84.
  • On Friday, August 4th, Istar Inc. bought 39,200 shares of iStar Financial stock. The shares were acquired at an average cost of $18.76 per share, with a total value of $735,392.00.
  • On Thursday, August 3rd, Istar Inc. bought 36,936 shares of iStar Financial stock. The shares were acquired at an average cost of $18.95 per share, with a total value of $699,937.20.
  • On Wednesday, August 2nd, Istar Inc. acquired 35,892 shares of iStar Financial stock. The stock was purchased at an average cost of $18.55 per share, with a total value of $665,796.60.
  • On Tuesday, August 1st, Istar Inc. acquired 39,200 shares of iStar Financial stock. The stock was purchased at an average cost of $18.48 per share, with a total value of $724,416.00.

Shares of iStar Financial Inc. (NYSE STAR) traded up 0.42% during mid-day trading on Friday, reaching $11.94. The company’s stock had a trading volume of 202,079 shares. iStar Financial Inc. has a 1-year low of $10.19 and a 1-year high of $12.83. The company’s 50-day moving average is $11.98 and its 200 day moving average is $11.97. The firm has a market capitalization of $861.95 million, a P/E ratio of 6.50 and a beta of 1.29.

iStar Financial (NYSE:STAR) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $2.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.87 by $0.63. iStar Financial had a return on equity of 22.21% and a net margin of 32.82%. The company had revenue of $347.87 million during the quarter. On average, analysts expect that iStar Financial Inc. will post $3.14 earnings per share for the current year.

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Several research analysts recently commented on STAR shares. Keefe, Bruyette & Woods reissued a “hold” rating on shares of iStar Financial in a research note on Friday, July 21st. ValuEngine raised iStar Financial from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, BidaskClub downgraded iStar Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st.

A number of hedge funds and other institutional investors have recently modified their holdings of STAR. Norges Bank acquired a new position in shares of iStar Financial during the fourth quarter worth approximately $9,325,000. Loomis Sayles & Co. L P acquired a new position in shares of iStar Financial during the first quarter worth approximately $7,337,000. UBS Group AG increased its position in shares of iStar Financial by 15.6% in the first quarter. UBS Group AG now owns 4,393,027 shares of the real estate investment trust’s stock worth $51,838,000 after buying an additional 591,244 shares in the last quarter. FMR LLC increased its position in shares of iStar Financial by 13.1% in the first quarter. FMR LLC now owns 5,087,931 shares of the real estate investment trust’s stock worth $60,038,000 after buying an additional 588,400 shares in the last quarter. Finally, Chicago Equity Partners LLC acquired a new position in shares of iStar Financial during the second quarter worth approximately $4,648,000. 82.06% of the stock is owned by hedge funds and other institutional investors.

About iStar Financial

iStar Inc finances, invests in and develops real estate and real estate related projects as part of its integrated investment platform. The Company’s four business segments are Real Estate Finance, Net Lease, Operating Properties, and Land and Development. The Real Estate Finance portfolio consists of senior and mezzanine real estate loans that may be either fixed-rate or variable-rate.

Insider Buying and Selling by Quarter for iStar Financial (NYSE:STAR)

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